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Only a handful of low-tier reports are on the docket for the U.K. economy this week, but it might be helpful to keep tabs on these leading indicators.

Mid-tier U.K. data

  • Final Nov. manufacturing PMI (Dec. 1, 10:30 am GMT) no revisions to 55.2 reading eyed
  • BRC price shop index y/y (Dec. 2, 1:00 am GMT) to post rebound in price levels
  • Final Nov. services PMI (Dec. 3, 10:30 am GMT) no revisions to 45.8 figure expected
  • BRC retail sales monitor (Dec. 4, 1:00 am GMT) to indicate uptick in spending

Brexit updates

  • Officials from both the U.K. and the EU say that talks are in their “last week”
  • EU chief negotiator Barnier says there are still “significant divergences” in the fisheries issue, so there’s still a chance of a no deal situation
  • Keep in mind that there is only one month to go before the U.K. officially exits the EU, so rising odds of an agreement could clear up uncertainties

Technical snapshot

  • Stochastic paints a mixed picture of overbought and oversold conditions for pound pairs.
  • GBP/NZD is looking bullish while GBP/USD is in the bearish region, leaving the rest in neutral territory
GBP Pairs Stochastic from MarketMilk
GBP Pairs Stochastic from MarketMilk
  • GBP/NZD remains the most volatile among the pound pairs over the past seven days, followed by GBP/AUD

GBP Pairs Volatility from MarketMilk
GBP Pairs Volatility from MarketMilk

Missed last week’s price action? Read GBP’s price recap for Nov. 23 – 27!